Mcloud announces launch of public offering of 9.0% series a cumulative perpetual preferred shares and warrants

San francisco , dec. 22, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld) ("mcloud" or the "company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced the commencement of its public offering of up to $25,000,000 9.0% series a cumulative perpetual preferred shares, with a liquidation preference of $25.00 per share (the "series a preferred shares"), and up to 25,000,000 warrants to purchase one common share. each series a preferred share is being sold together with 25 warrants at a combined price to the public of $25.00.
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